AI Agent · Singapore · Tokenization · The Block
NEAR’s Polosukhin sees shrinking need for centralized exchanges as onchain systems expand
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NEAR Protocol (NEAR) co-founder Illia Polosukhin said users no longer need centralized exchanges for "a lot" of crypto activity as near.com expands its onchain offerings.
Key facts
- The comments come less than a week after NEAR Intents suffered a roughly $3.8 million exploit that temporarily halted services
- I think for a lot of things now, you don't need it," Polosukhin told The Block's Gareth Jenkinson during a live interview at Digital Asset Summit 2026 in Singapore on Wednesday
- Polosukhin previously discussed Confidential Intents and privacy on The Block's The Starting Block in July
- NEAR Protocol (NEAR) co-founder Illia Polosukhin said users no longer need centralized exchanges for "a lot" of crypto activity as near.com expands its onchain offerings
Summary
"I think for a lot of things now, you don't need it," Polosukhin told The Block's Gareth Jenkinson during a live interview at Digital Asset Summit 2026 in Singapore on Wednesday. Polosukhin also pointed to his own experience with a centralized exchange, saying one of his accounts was deleted despite knowing the company's CEO. Near.com brings spot trading across different chains, tokenized stocks, earn products, and perpetual futures into one interface. "We have a lot of fiat-related stuff coming as well," Polosukhin said.